Private Loans

• Variable rates - between approximately 4.5% and 9.5%.
• Grace period: 6-9 months
• Repayment term: 15-20 years
• Technically no deferment option but forbearance at the lender's discretion.
• As with Federal loans, no penalty for prepaying your loan.
• Generally, the private loans are the more expensive education loans and you should pay them down first.

Fordham Revolving Fund Loans

• This program has been made self-sustaining by the repayments of the loans that have been made in past years.
• It is subsidized, no interest accrues until repayment.
• 8% fixed interest rate.
• Repayment period varies by amount borrowed, but generally 3-20 years.
• For May graduates, repayment begins on January 1st.
• Deferment can be obtained by contacting kkeenan@law.fordham.edu.
• As with the other loans, there is no pre-payment penalty.
• One-on-one exit interview with Kathy Keenan prior to graduation is required.
• Affiliated Computer Services, Inc. (ACS) is Fordham Law's servicer. For on-line access to your Revolving Fund Loan account, go to:

www.acs-education.com

• Payments may be made on-line any time, 24/7.
• Repayment incentives for the Fordham Revolving Fund Loans include the following:
• .25% interest rate reduction for automatic bill payment
• 2% interest rate reduction for 48 on-time payments
• Loans are eligible for Fordham's Loan Forgiveness Program.